HANNIG-TENHOUSE-FANTIN. (WATSON) 110 ILCS 947/145 Amends the Higher Education Student Assistance Act. Increases to $2,100,000,000 (from $1,150,000,000) the aggregate principal amount of bonds (other than refunding bonds) issued by the Illinois Student Assistance Commission under the Education Loan Purchase Program Law that may be outstanding at any one time. Effective immediately. STATE DEBT IMPACT NOTE HB940 would increase bonding authority of the Ill. Student Assistance Commission by $950.0 M; and may increase State debt if ISAC has insufficient funds to repay the debt. FISCAL NOTE (Ill. Student Assistance Commission) HB940 has no fiscal impact upon State revenues. STATE MANDATES FISCAL NOTE HB 940 fails to create a State mandate. 97-02-26 H FIRST READING 97-02-26 H REFERRED TO HOUSE RULES COMMITTEE RULES 97-02-27 H ASSIGNED TO COMMITTEE HIGHER ED 97-03-04 H STATE DEBT IMPACT NOTE FILED 97-03-04 H COMMITTEE HIGHER ED 97-03-07 H ADDED AS A JOINT SPONSOR TENHOUSE 97-03-07 H ADDED AS A CO-SPONSOR FANTIN 97-03-13 H DO PASS/SHORT DEBATE 014-000-000 HHED 97-03-13 H PLACED CALENDAR 2ND READING-SHORT DEBATE 97-03-13 H SECOND READING-SHORT DEBATE 97-03-13 H PLCD CAL ORDER 3RD READING-SHORT DEBATE 97-03-17 H FISCAL NOTE FILED 97-03-17 H CALENDAR ORDER 3RD READING-SHORT DEBATE 97-03-20 H STATE MANDATES FISCAL NOTE FILED 97-03-20 H CALENDAR ORDER 3RD READING-SHORT DEBATE 97-04-08 H THIRD READING/SHORT DEBATE/PASSED 114-000-000 97-04-09 S ARRIVE IN SENATE 97-04-09 S PLACED CALENDAR ORDER OF FIRST READING 97-04-10 97-04-10 S CHIEF SPONSOR WATSON 97-04-11 S FIRST READING 97-04-11 S REFERRED TO SENATE RULES COMMITTEE RULES 97-04-29 S ASSIGNED TO COMMITTEE EDUCATION 97-05-09 S DO PASS 009-000-000 SESE 97-05-09 S PLACED ON CALENDAR ORDER OF 2ND READING 97-05-12 97-05-13 S SECOND READING 97-05-13 S PLACED ON CALENDAR ORDER OF 3RD READING 97-05-14 97-05-16 S THIRD READING - PASSED 056-000-000 97-05-16 H PASSED BOTH HOUSES 97-06-13 H SENT TO THE GOVERNOR 97-07-31 H GOVERNOR APPROVED 97-07-31 H EFFECTIVE DATE 97-07-31 97-07-31 H PUBLIC ACT.............................. 90-0281 END OF INQUIRY Full Text Bill Summary